) State Bank of India has been authorized to pick other members of the consortium. 2 The government has approved a plan for the nation’s biggest lender, State Bank of India, to lead a consortium that will buy a stake in troubled Yes Bank Ltd., according to people...

1 Yes Bank plunged a day after the Reserve Bank of India (RBI) suspended the private sector lender’s board for a period of 30 days “owing to serious deterioration in the financial position of the Bank” and imposed a withdrawal limit of Rs 50,000 on its account holders...